Lamar Advertising Company $LAMR Shares Acquired by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado grew its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 27.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 351,328 shares of the real estate investment trust’s stock after buying an additional 74,900 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Lamar Advertising were worth $44,471,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LAMR. Sivia Capital Partners LLC acquired a new position in shares of Lamar Advertising in the second quarter worth $510,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Lamar Advertising by 250.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock worth $5,777,000 after acquiring an additional 34,002 shares in the last quarter. Amundi grew its stake in shares of Lamar Advertising by 224.6% in the second quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 1,417 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Lamar Advertising in the second quarter worth $873,000. Finally, Cerity Partners LLC grew its stake in shares of Lamar Advertising by 39.0% in the second quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock worth $4,510,000 after acquiring an additional 10,423 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Insider Activity

In related news, EVP Ross Lamar Reilly sold 5,969 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $128.65, for a total value of $767,911.85. Following the completion of the sale, the executive vice president directly owned 15,850 shares of the company’s stock, valued at $2,039,102.50. The trade was a 27.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 15.24% of the company’s stock.

Wall Street Analysts Forecast Growth

LAMR has been the subject of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. TD Cowen boosted their price target on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Morgan Stanley set a $145.00 price objective on shares of Lamar Advertising in a research report on Thursday, May 7th. UBS Group set a $150.00 price objective on shares of Lamar Advertising in a research report on Monday, February 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lamar Advertising has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Lamar Advertising Price Performance

Lamar Advertising stock opened at $154.35 on Monday. The stock has a market cap of $15.66 billion, a P/E ratio of 28.48 and a beta of 1.20. The company has a fifty day simple moving average of $143.09 and a 200-day simple moving average of $134.93. Lamar Advertising Company has a 12-month low of $113.66 and a 12-month high of $158.69. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.18. The business had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $522.86 million. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. Equities analysts expect that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Lamar Advertising’s payout ratio is 118.08%.

Lamar Advertising Profile

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.